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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Revenues $ 1,026,204 $ 829,691  
Lease bonus - mineral acreage 1,711 2,489 $ 0
Realized gain (loss) on derivatives 9,482 2,334 (4,321)
Unrealized (loss) gain on derivatives (53,727) 65,085 9,715
Total revenues 983,670 899,599 544,276
Expenses      
Production taxes, transportation and processing 92,273 76,138 58,275
Lease operating 117,305 92,966 67,313
Purchased natural gas 69,398 6,635 0
Depletion, depreciation and amortization 350,540 265,142 177,502
Accretion of asset retirement obligations 1,822 1,530 1,290
Full-cost ceiling impairment 0 0 0
General and administrative 80,054 69,308 66,016
Total expenses 748,190 536,328 383,435
Operating income 235,480 363,271 160,841
Other income (expense)      
Net (loss) gain on asset sales and inventory impairment (967) (196) 23
Interest expense (73,873) (41,327) (34,565)
Prepayment premium on extinguishment of debt 0 (31,226) 0
Other (expense) income (2,126) 1,551 3,551
Total other expense (76,966) (71,198) (30,991)
Income before income taxes 158,514 292,073 129,850
Income tax provision (benefit)      
Current 0 (455) (8,157)
Deferred 35,532 (7,236) 0
Total income tax provision (benefit) 35,532 (7,691) (8,157)
Net income 87,777 274,207 125,867
Net income attributable to non-controlling interest in subsidiaries (35,205) (25,557) (12,140)
Net income attributable to Matador Resources Company shareholders $ 122,982 $ 299,764 $ 138,007
Earnings per common share attributable to Matador Resources Company shareholders      
Basic (usd per share) $ 0.75 $ 2.41 $ 1.23
Diluted (usd per share) $ 0.75 $ 2.41 $ 1.23
Weighted average common shares outstanding      
Basic (in shares) 116,555 113,580 102,029
Diluted (in shares) 117,063 113,691 102,543
Oil and natural gas revenues      
Revenues      
Revenues $ 892,325 $ 800,700 $ 528,684
Third-party midstream services revenues      
Revenues      
Revenues 59,110 21,920 10,198
Expenses      
Cost of Goods and Services Sold 36,798 24,609 13,039
Sales of purchased natural gas      
Revenues      
Revenues $ 74,769 $ 7,071 $ 0